Brief: Cineworld expects to exit Chapter 11 bankruptcy in July
25/05/2023 07:41
May 25 (Reuters) - Cineworld Group PLC CINE.L :
* CINEWORLD GROUP PLC - CHAPTER 11 UPDATE
* ADDITIONAL LENDERS UNDER TERM LOANS DUE 2025, 2026 AND
REVOLVING
CREDIT FACILITY DUE 2023 ACCEDED TO AMENDED AND RESTATED
VERSIONS OF RSA
* PROPOSED RESTRUCTURING OF GROUP NOW HAS SUPPORT OF LENDERS
HOLDING AND CONTROLLING APPROXIMATELY 99% OF LEGACY FACILITIES
* GROUP CHAPTER 11 COMPANIES NOW EXPECT TO EMERGE FROM
CHAPTER 11
CASES IN JULY 2023
Source text for Eikon: ID:nRSY5455Aa
Further company coverage: CINE.L
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